#21month

China’s Yuan falls to over 21-month low after US currency report, hawkish Fed minutes

As the market largely expected, the Treasury Department did not name China a currency manipulator in its semi-annual report.

China’s yuan fell to its lowest against the U.S. dollar in more than 21 months on Thursday as the greenback strengthened and Washington’s refrain from labelling China a currency manipulator gave bears added confidence to push the yuan lower. Also putting pressure on…

The Russian ruble dropped some three% towards the U.S. greenback Wednesday, losing to a 21-month low, as further U.S. sanctions gave the impression on the horizon. A draft Senate invoice proposing tricky new sanctions for Russia’s position in interfering within the 2016 U.S. presidential election used to be published by local Russian newspaper The Kommersant.…